(b) \_Acceptance\_. The Aircraft has been delivered to Lessee, is in Lessee’s
possession, has been inspected by Lessee to its complete satisfaction and is,
as of the Acceptance Date, unconditionally, irrevocably and fully accepted by
Lessee. Without limiting the foregoing, (i) the Aircraft has been found to be
in good working order, repair and condition and fully equipped to operate for
its intended purpose, is in conformity with the requirements of the Purchase
Agreement and the Applicable Standards (other than with respect to any
immaterial deficiencies noted on any delivery documents which do not impact
the use, operation or value of the Aircraft in any material respect), is
currently certified under all existing FARs and any other Applicable Laws, and
is airworthy in all respects; (ii) solely as between Lessor and Lessee (and
without prejudicing Lessee’s rights against Supplier or any other third party,
which rights are not being disclaimed hereby) Lessee has no pending claims and
has no current knowledge of any facts upon which a future claim may be based,
against any prior owner, Manufacturer or Supplier or any other supplier of the
Aircraft or any of the Collateral, for breach of warranty or otherwise; (iii)
Lessee has furnished no equipment for the Aircraft other than as stated on
\_Schedule No. 1\_, or permitted as an Addition pursuant to this Lease; and
(iv) all of the information contained in \_Schedules No. 1 and No. 2\_,
including the registration number of the Aircraft, and each of the serial
numbers, manufacturer and model numbers of the Airframe and Engines are true
and accurate.